题目
[ECON1010] Introductory Microeconomics (external). Summer Semester, 2025, External CML Practice Quiz [ECON1010] Introductory Microeconomics (external). Summer Semester, 2025, External CML Practice Quiz
多项选择题
Dan is deciding whether to pay $200 for a sweater or wait 2 months for the sweater to go on a 50% off sale. An economist would reason that:Time is a scarce resource. The scarcity principle does not apply. The sweater is a scarce resource. Which statement is true:
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标准答案
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思路分析
The question asks us to evaluate statements about scarcity in the context of the decision-making scenario.
Option 1: 'Only 1 is true' — This would be correct if indeed time is scarce and the scarcity principle applies, while the other two statements are false. Given standard economic reasoning, time is a classic example of a scarce resource, and the scarcity principle does apply to all resources, including time; therefore, this option is plausible if we treat 2 as false and 3 as false.
Option 2: 'Only 2 is true' — This asserts that the scarcity principle does not apply, which contradicts fundamental economic reasoning. In economics, scarcity principle generally does apply to limited resources; th......Login to view full explanation登录即可查看完整答案
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